VRX Shows a high potential long setup on the daily, the entry signal still not yet arrived.
I am still tracking the entry and i will update it when it happens and the profit target 1 and 2 will also be updated.
The setup shows a very high volume bar and closing down. there must be heavy buying on that bar to have this massive volume. The entry will come soon after testing the selling pressure in that high volume down bar.
So stay tuned for the idea.
I will post Profit target 1 and profit target 2 for the trade as well as stop loss when the entry arrives.
The Profit and risk plan:
Exit half of the position or 70% of the position on profit target 1 which will be identified once the entry happen.
the remaining of the position would be on trailing stop. and would be updated every day on the close of the day
Stay tuned.
I am still tracking the entry and i will update it when it happens and the profit target 1 and 2 will also be updated.
The setup shows a very high volume bar and closing down. there must be heavy buying on that bar to have this massive volume. The entry will come soon after testing the selling pressure in that high volume down bar.
So stay tuned for the idea.
I will post Profit target 1 and profit target 2 for the trade as well as stop loss when the entry arrives.
The Profit and risk plan:
Exit half of the position or 70% of the position on profit target 1 which will be identified once the entry happen.
the remaining of the position would be on trailing stop. and would be updated every day on the close of the day
Stay tuned.
Comment:
Still tracking entry on VRX for the long trade